Convert Omani Rial to Chinese Yuan
Please provide values below to convert Omani Rial [OMR] to Chinese Yuan [CNY], or Convert Chinese Yuan to Omani Rial.
How to Convert Omani Rial to Chinese Yuan
1 OMR = 0.0535970671461827 CNY
Example: convert 15 OMR to CNY:
15 OMR = 15 × 0.0535970671461827 CNY = 0.80395600719274 CNY
Omani Rial to Chinese Yuan Conversion Table
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Omani Rial
The Omani Rial (OMR) is the official currency of Oman, used for all monetary transactions within the country.
History/Origin
The Omani Rial was introduced in 1970, replacing the Gulf rupee at par, and has since been the standard currency of Oman, with its value stabilized through pegging to the US dollar.
Current Use
The Omani Rial is widely used in Oman for everyday transactions, banking, and trade, and is subdivided into 1000 baisa.
Chinese Yuan
The Chinese Yuan (CNY) is the official currency of China, also known as Renminbi (RMB), and is used for all monetary transactions within the country.
History/Origin
The Chinese Yuan was introduced in 1949 following the establishment of the People's Republic of China. It has undergone various reforms and reforms, including decimalization in the 1950s and modernization efforts in recent decades to stabilize and internationalize the currency.
Current Use
Today, the CNY is widely used domestically across China and is increasingly recognized internationally, with the Chinese government promoting its use in global trade and finance. It is also a component of the International Monetary Fund's Special Drawing Rights (SDR).